The bull case for Apple is simple: Clawdbot triggered a surge in demand for Mac minis. Apple still ships the best consumer hardware.
When a mass-market version of Clawdbot arrives, Apple won’t be able to ignore it. They’ll have to adapt and support it.
The clear trailblazers here, in my view, will be OpenAI and Google.
🇯🇵 Japanese bond yields are ripping higher, and this is not a benign “return to normal.”
U.S. rates staying high are pulling global yields up, and Japan can’t fully resist it anymore. The BOJ is stuck: letting yields rise makes it much more expensive for Japan to service its massive debt, but stopping yields risks a weaker yen and loss of market trust.
After decades of near-zero rates, even small increases hit hard. Higher yields mean the government pays more just to stand still, while policymakers have fewer good options and more trade-offs.
Japan is feeling what high rates do to a heavily indebted country.
OpenAI’s CFO shared updated financials, and the takeaway is clear: revenue is almost perfectly correlated with compute.
In 2025, revenue surpassed $20B, up more than 3× from 2024 ($6B) and 10× since 2023 ($2B).
Over the same period, compute scaled to 1.9 GW by the end of 2025: also more than 3× higher than 2024 (0.6 GW) and roughly 9.5× since 2023 (0.2 GW).
Holding an equal-weighted basket of these assets could outperform the S&P 500. If each asset has such a strong community, there’s likely an underlying reason
https://x.com/nikitabier/status/2011693224826720410
